Recently Adroit Market Research published a report titled, “Global Anti-aging Products Market Size 2017 by Product Type (Skincare [Anti-wrinkle, Anti-stretch, UV Absorbers, and Natural Products], Haircare [Hair Color, Hair Oils & Serums, Hair Shampoo & Conditioner]), by Demography (Baby Boomers, Generation X, and Generation Y) by Region and Forecast 2018 to 2025”. The global anti-aging products market report also includes qualitative insights of the market such as drivers, restrains, value chain, regulatory framework and trade statistics. The value chain has been analyzed in detail covering key stages.
The global anti-aging products market size is estimated to reach up to USD 257.9 billion by 2025 mainly driven by rising awareness, demand and adoption from growing baby boomers and generation X population across the globe. However, the anti-aging products are costly compared to other beauty products which is a primary restraining factor in the growth of the anti-aging products market. In addition, the presence of counterfeit products and the use of harmful ingredients in developing anti-aging products has negatively affected the growth of the anti-aging products market.
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The current consumer landscape suggests that consumers are preferring natural ingredients based anti-aging products over chemical based products. Hence, natural anti-aging products are expected to offer new revenue opportunities for anti-aging product manufacturers.
In product type segment, the market for haircare sub-segment is estimated to grow at the CAGR 7% during the forecast period. This growth will be primarily driven by newly launched innovative products such as shampoos, moisturizers, and oils among others. There has been significant demand for anti-aging hair care products by men, which is expected to further drive the market.
Global Anti-Aging Market Value Share, By Demographics, 2017 (%)
On the basis of demographics, Baby boomers segment led the market with a contribution of 37% market share in the year 2017. Baby boomers are highly health conscious compared to generation X and generation Y (millennials). The rising population of baby boomers and increased spending will be further driving the market for baby boomers market segment.
Geographically, Asia Pacific will be leading the global anti-aging products market driven by increasing population across the demographics, increasing awareness, and newly developing markets such as India and Indonesia. Europe and North America held the second and third largest market value shares respectively. Other developing markets in countries such as Brazil and Argentina are going to drive the market for South America which is the second highest growing markets globally.
Allergan Plc, L’Oreal SA, Beiersdorf AG, Photomedex Inc., Johnson & Johnson, Lumenis Ltd. Revlon Inc., Shiseido Company Limited, Orlane, and Olay are the leading players present within the global anti-aging products market.
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Key segments of the global anti-aging products market
Product Type Overview, 2015-2025 (USD million)
- UV Absorbers
- Natural Products
- Hair Color
- Hair Oil & Serums
- Hair Conditioner & Shampoo
Demographic Overview, 2015-2025 (USD million)
- Baby Boomers
- Generation X
- Generation Y
Regional Overview, 2015-2025 (USD million)
- North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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